446 Park Avenue in September 2014, image via Google Maps

Permits Filed: 446 Park Avenue, Bed-Stuy

6:30 am on January 26, 2016 By Rebecca Baird-Remba

Park Avenue in Brooklyn begins underneath the elevated, dark Brooklyn-Queens Expressway in Clinton Hill and runs east into Bed-Stuy, where it transitions into an odd mix of warehouses, little brick apartment buildings, and aging 19th century wood frame houses. Much of the avenue was originally developed for workers at the Navy Yard, which sits a block away, but Orthodox Jews have settled the area over the last few decades. And now, even the once-desolate industrial blocks just east of the highway are becoming populated with new residential buildings. Yesterday, applications were filed for a five-story building there at 446 Park Avenue, between Kent and Franklin Avenues.

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263 West 34th Street

Four-Story, 35,000 Square-Foot Retail Project Planned At 257-263 West 34th Street, Midtown

6:00 am on January 26, 2016 By Reid Wilson

Cornell Realty Management is planning to build a four-story, 35,000 square-foot retail project at 257-263 West 34th Street, in the Garment District, according to Crain’s New York Business. According to The Real Deal, which reported on the assemblage last month, Chetrit Group and Cornell Realty acquired the three-story retail building at 261-263 West 34th Street together last March for an undisclosed amount. 259 West 34th Street was also recently acquired for $20.5 million. Chetrit and Cornell have since cut their partnership and, through a deal, have split their properties into separate ownerships. Cornell’s retail project will be clad in glass and construction is expected to begin sometime this year. A total of three small retail buildings must first be demolished.

555 Broome Street

Financing Complete For 25-Story, 115-Unit Mixed-Use Project At 565 Broome Street, Hudson Square

4:00 pm on January 25, 2016 By Reid Wilson

Over the summer summer, YIMBY partially revealed renderings for the planned 25-story, 115-unit residential building at 565 Broome Street (a.k.a 100 Varick Street), in Hudson Square. The developers have now secured a $320 million construction loan for the project, according to Crain’s, and Cindat (the U.S. branch of Beijing-based China Cinda Asset Management Co.) also acquired a $135 million stake in the project. The development team – SHVO, Bizzi & Partners Development, Halpern Real Estate Ventures, Aronov Development, and Itzhaki Acquisitions – recently acquired the two-story annex at 555 Broome for $9 million, completing the assemblage.

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165 Huguenot Street

Reveal For Six-Story, 71-Unit Mixed-Use Building At 165 Huguenot Street, New Rochelle

3:00 pm on January 25, 2016 By Reid Wilson

Last October, YIMBY brought you news that Anup Misra, head of East & Hudson Real Estate, is developing a six-story, 71-unit mixed-use building at 165 Huguenot Street, in downtown New Rochelle. Now, the Daily Voice has a rendering of the project, dubbed the Print House. The 64,000- square-foot building will feature studio, one-, and two-bedroom rental apartments, measuring between 500 and 975 square feet apiece. There will also be 3,000 square feet of ground-floor retail space. The New Rochelle Industrial Development Agency recently approved a 12-year Payment in Lieu of Taxes (PILOT) structure for the project, which is a tax incentive. An existing two-story commercial building must first be demolished. Construction is expected to begin this spring, with completion scheduled in 2017. Magnusson Architecture & Planning is behind the design.

2870 Webster Avenue

Request For Proposals Released For Mixed-Use Development Site At 2870 Webster Avenue, Bedford Park

2:00 pm on January 25, 2016 By Reid Wilson

The New York Botanical Garden has released a Request for Proposals (RFP) for a mixed-use development assemblage at 2856-2870 Webster Avenue and 412 Bedford Park Boulevard, in Bedford Park. According to Curbed NY, the site could accommodate roughly 300 residential units, in addition to a 125-plus-key hotel and at least 12,000 square feet of retail. The site is located right above the Metro-North Railroad’s Botanical Garden station and currently consists of multiple low-rise commercial buildings. Proposal submissions are due on March 1, and the Garden is hoping to choose a developer before April.